Tommy Douziech
Senior Analyst
Teradyne: AI is filling order book, but pace already starting to shift
Teradyne has just delivered a report that leaves little doubt about the strength of the current cycle. The semiconductor test equipment specialist beat expectations in Q2, issuing guidance well above consensus, and saw its stock jump over 10% after close. The numbers are eye-catching. Reading them is a bit less straightforward: AI-related demand remains extremely strong, but the peak in sequential acceleration now appears to be behind.
July 29, 2026 at 08:34 am EDT
Quality at the Right Price: Zoetis
There are moments when the market stops paying for perfection and starts doing the math. Solid companies, long valued at a premium, suddenly find themselves penalized for a temporary slowdown, a quarterly disappointment, or a simple normalization of their multiples. Not all of them deserve to be bought blindly, but some retain the qualities that make a difference over the long term: a robust model, competitive advantages, strong cash flow generation, and disciplined capital allocation. This series of articles, titled "Quality at the Right Price," focuses on ten high-quality companies whose valuations have become more reasonable. The goal is not to hunt for the cheapest stocks, but for quality companies where share price weakness offers an entry window for a long-term investor. After analyzing Badger Meter in the first episode, we will examine Zoetis, which currently displays an attractive quality-to-price ratio.
June 25, 2026 at 10:37 am EDT
Chewy: Beat and Lower
Chewy has delivered the quintessential "beat and lower" scenario: a solid Q1, albeit with a reduction in its annual outlook. This explains the stock's rollercoaster performance, jumping as much as 7% in pre-market trading on the initial quarterly figures before retreating by approximately 4% once the market digested the new guidance. There is nothing irrational here: Wall Street never pays for the quarter that has passed, it pays for the trajectory ahead.
June 11, 2026 at 11:30 am EDT
Nebius: The former Yandex becomes industrial bet on AI factories
Nebius begins as a market anomaly: a former Yandex holding company, stripped of its Russian perimeter by the war in Ukraine, reappearing on the Nasdaq under a new identity, with a different territory, asset base and ambition. What could have been merely the listed remnants of a dismantled group has become, in under two years, one of the most singular plays in AI infrastructure. The company sold its Russian assets, refocused in Amsterdam, and retained top-tier technical teams, a Finnish data center, capital, strategic stakes and several international businesses. Yandex lost its former empire, although Nebius recovered a portion of what matters most in the new AI economy: engineers, capacity, software and optional assets.
June 05, 2026 at 05:42 am EDT
Quality at a Good Price: Badger Meter
There are moments when the market stops paying for perfection and starts counting again. Solid companies, which have long been valued at a premium, find themselves penalized for a temporary slowdown, a quarterly disappointment, or simply their multiples getting back to "normal". Not all deserve to be bought blindly, but some retain the qualities that make the difference over the long term: a robust model, competitive advantages, strong cash flow generation and disciplined capital allocation.
June 04, 2026 at 05:14 am EDT
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